Secretary Yellen Joins Treasury Tribal Advisory Committee Meeting, Subcommittees Need Tribal Feedback
April 6, 2021
The Treasury Tribal Advisory Committee (TTAC) held its seventh meeting telephonically on March 17, 2021. Since the meeting, several opportunities for input from tribal leaders on each of the three subcommittee issue areas have become available.
Treasury Secretary Janet Yellen attended the March meeting and provided opening remarks. As the first Treasury Secretary to meet with the TTAC in a public meeting, her presence was especially historic. Secretary Yellen expressed that she intends to develop a relationship with the TTAC moving forward:
"I know the TTAC has played a critical role, helping our Department address tax issues important to Indian country. I know the Tribal General Welfare Exclusion Act of 2014 has been a particular point of discussion.
I really hope you’ll continue to play this role while I’m in office; I’d very much like to work with you – and make sure that tax policy doesn’t get in the way of economic development in Indian country."
- Dual Taxation Subcommittee Report
- Dual Taxation Consultation DTLL
- GWE Subcommittee Draft Report and DTLL
- Register for GWE Subcommittee public forum
- Pensions Subcommittee Work Plan
- Federal Register Notice - Call for Nominations to TTAC
- Tribal General Welfare Exclusion Act of 2014
- Department of Treasury TTAC webpage
TTAC Chairperson Lacey Horn reflects on the meeting, "The seventh meeting of the TTAC was another phenomenal success. Secretary Yellen joined us to share her vision in working with the TTAC, and her clear intentions are to broaden the scope of issues we help Treasury resolve for Tribes. TTAC’s work continues on GWE, Dual Taxation, and Pensions, and we will continue to push for wins and solutions for Indian Country."
Action Items for Tribal Governments
Dual Taxation Subcommittee:
The Dual Taxation Subcommittee finalized their report of recommendations to the Department of the Treasury and submitted it to the TTAC during their December 9, 2020 meeting. The TTAC and the Department of the Treasury are hosting a Consultation and listening session on this report during NAFOA's virtual Annual Conference on April 30, 2021 from 2:00pm - 5:00pm ET. While this Consultation and listening session will be aligned with NAFOA's conference, it is open to all. For more information and to register, please see Treasury's Dear Tribal Leader Letter.
General Welfare Exclusion Act Subcommittee:
The Subcommittee on General Welfare Exclusion Act is soliciting input from tribal governments on its draft report prior to making final recommendations to the TTAC on guidance under the Tribal General Welfare Exclusion Act and the Internal Revenue Code Section 139E. The subcommittee will be holding a telephonic tribal leader session on April 22, 2021 from 1:00pm - 3:00pm ET to gather input. Register Here. Written comments should be submitted to email@example.com and firstname.lastname@example.org no later than 5:00pm ET on April 23, 2021. The solicitation letter and draft report are solely on behalf of the GWE Subcommittee and is not an action of the TTAC.
Tribal Pensions Subcommittee:
The Tribal Pensions subcommittee has finalized their Work Plan, and will soon be distributing a survey in conjunction with the University of California San Marcos to tribal governments to collect data about their retirement plans. The survey is expected to open in the coming week. Responses to this survey will help inform the subcommittee's work as they develop their report ahead of TTAC's next public meeting in June.
The next meeting of the TTAC will take place via Zoom on June 16, 2021. NAFOA will share registration information once it becomes available. Participants wishing to make public comments during the meeting should email TTAC@treasury.gov with your name, title, organizational affiliation, date of the public meeting, and email address at least three business days before the public meeting. Written comments should be sent to TTAC@treasury.gov no later than 15 calendar days before the public meeting in order to be considered at the meeting.
Call for Nominations for Secretary Appointments to TTAC:
The Department of the Treasury is seeking nominations for three Secretary appointments to the TTAC. Applications which must include a resume and cover letter should be submitted by June 1, 2021 to TTAC@treasury.gov with the subject line "Treasury Tribal Advisory Committee member application or recommendation." For more information please see the Department's Federal Register Notice. Self-nomination and re-nomination of current TTAC members are welcome.
Background for the TTAC:
The Tribal General Welfare Exclusion Act of 2014 (P.L. 113-168) was signed into law by the President in September 2014 and required the establishment of a seven-member TTAC. The committee members have a broad mandate to "advise the Secretary on matters relating to the taxation of Indians." Among the duties, the TTAC helps establish training and education programs for Internal Revenue Service field agents who work with tribal governments and tribal finance professionals. NAFOA serves as the lead supporting organization for the TTAC.
Copies of previous meeting agendas, minutes, and committee materials can be found on the Department of the Treasury's TTAC Page.
NAFOA is pleased to continue working with the TTAC and coordinating with other national and regional inter-tribal organizations to further our common goal of making tax policy and programs work for Indian Country.
For any other questions or concerns, please contact Ellie Beckett at email@example.com or (202) 841-3373.